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All In Podcast Episode 262 Recap and Notes February 27 2026

February 27 2026

  • Chamath launched his own YouTube channel
  • Claude’s hit list

    • 3 for 3 in tanking different market sectors in February

    • Feb 3 - Legal plugin for Claude Cowork

      • Thomson Reuters, Legalzoom etc down

    • Feb 20 - Claude Code Security

      • CrowdStrike, etc down

    • Feb 23 - Claude announces COBOL modernizing

      • IBM down

    • Some of this is smart finance players changing positions likely

    • Markets are in “if” mindset vs “when” mindset - can AI models disrupt the market? So when you don’t know how to price it, you want a massive margin of safety

      • PEs go down, Revenue multiples go down

    • Viral Citrini AI report also might have had an effect

    • Were there any shorters who had something to do with the article?

    • Derek Thompson response about AI narratives being science fiction ideas is a good one

    • Natural for market to react like this given uncertainty in future vs how reliable SaaS used to be

    • Is there really enough consumptive capacity on the other side of AI doing everything?

      • Calls all knowledge work into question
      • Calls SaaS into question

    • As a counter - Anthropic is still hiring Software Engineers at high salaries when they are claiming the job will go

    • Citadel also shows how software jobs are growing and company formation is also growing

    • Aaron Levie take on software engineer jevons paradox also serves as good pushback

    • The economy is not a pie, its a garden and technology is rain

    • Token cost per employee is something to pay attention to

    • We need an explosion in the capacity that is available

    • What if new Apple mac is AI model ready?

  • All In Events 2026
    • Liquidity - May 31 - Jun 3 - Yountville CA
      • Guest tease: Dan Loeb, Sarah Friar
    • AIS 2026 - Sep 13-15, LA
    • Bill Gurley book - Runnin down a Dream
  • Data Centers causing electricity price increases
    • Chamath’s analysis on Data Center project opposition causing loss of enterprise value
    • Tech companies can pay for the residents’ power
    • Tech companies become power companies
    • Rate Payer Protection Pledge
    • NIMBYs being replaced by BANANAs - Build Absolutely Nothing Anywhere Near Anyone
    • Data Centers have data coming in and out at speed of light - so they can be built anywhere - they don’t take a lot of space - they will be built somewhere so the politicians need to understand this
    • Micron’s $100B megafab in NY is at risk of delay due to just 6 “concerned citizens” and their frivolous lawsuit
      • Why does anyone bother with the blue states
      • It has already been through a 2 year environmental review - the locals want it
      • Environmental non profits can go around creating chaos with no cost to them
  • Trump State of the Union
    • Took a bunch of victory laps
    • But his approval rating is -14%
    • Brad Gerstner got a shout out
    • Moment when Democrats didn’t stand up for Americans over Illegal Aliens were striking
  • Science corner
    • David Sinclair company has reached an agreement with the FDA to treat humans with Yamanaka factors
    • They are packaging proteins into viruses which will deliver a DNA payload into the eye cells
      • It includes a switch administered via an antibiotic
    • This could cure blindness
    • Harbinger of lots of startups working on similar human therapeutics
  • SCOTUS votes against Trump’s tariffs
    • Biggest rebuke of executive power since 1935 when FDR’s new deal was rejected

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